Refinancing is most often used to lower your monthly payments or to access the cash equity in your home (cash out). Other common reasons to refinance include paying off a balloon payment, converting an adjustable rate loan to a fixed rate loan, to drop your mortgage insurance, or lower your interest rate.
- Lower Monthly Payments
- Reduce Your Interest Rate
- Consolidate Debt
- Get Needed Cash to make home improvements, pay off bills, or invest in more real estate